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Title Geopolitics & the World Economic System Course Objectives: 1 To expose students to the relationship between political power and geographic space amidst world economic system. 2 To help students understand various facets of international political economy & national system political economy. 3 To develop abilities to appreciate the interrelationship between the trading system, international financial system and the participants in the changed economic system Syllabus: Unit Number Contents Number of Sessions 1 International Political Economy: Distribution of Wealth and Economic Activities - National Autonomy - Politics of International Regimes - Theory of Hegemonic Stability - Governance of the Global Economy 5 + 1 2 National Systems of Political Economy: Differences among National Economies - MarketOriented Capitalism - Developmental Capitalism - Social Market Capitalism Comparative Analysis5 + 1 3 The Trading System: Debate over Free Trade Functions of WTO and GATT - The Uruguay Round and World Trade Organization Trade Blocs such as SAARC, ASEAN, NAFTA Threats to Open Trading System 5 + 1 4 International Monetary System: The International Financial System - Reform of International Monetary Affairs - Nature of Financial Crises - Controversy over Regulation of International Finan ce 5 + 1 5 The State and the Multinationals: An International Regime for FDI and MNC- Do Global Corporations Pose a Threat? - Consequences of Economic Globalization 5 + 1
Learning Resources: 1 Text Books Global Political Economy Robert Gilpin, Princeton University Press Internat ional Economics with MyEconLab by Paul Krugman, Maurice Obstfeld andMarc Melitz, Pearson , Global Edition, 9 th Edition 2 Reference Books Managing World Economic Change: International Political Economy by Robert A. Isaak, Pearson , 3 rd Edition, 3 Supplementary Reading Material Economic Times Daily Business Standard Daily The Economist Magazine
UNIT NO.: 3 Q.1 What are the benefits of free trade initiated by WTO and GATT? Q.2 What are the drawbacks of free trade initiated by WTO and GATT? Q.3 How WTO control/regulates the trade between two countries? Q.4 Write short notes on a) SAARC b) NAFTA Q.5 Discuss the threats to Open Trading System UNIT NO.: 4 Q.1 Define International Financial System with its function. Q.2 What are the highlights of reform of International Monetary Affairs? Q.3 What is the procedure of solving financial crisis in two or more country? Q.4 What is the drawback of regulation of International finance? Q.5 Write short notes on a) World Bank b) International Monetary Fund UNIT NO.: 5 Q.1 What is the role of An International Regime for FDI? Q.2 According to you is global corporations pose threat to culture and economy developing country? How? Q.3 What are the benefits of economic globalization to India? Q.4 What are the demerits of economic globalization to India? Q.5 Name any 10 multinational companies with their parent company.